Carol Junge Loomis | |
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| Born | June 25, 1929 Cole Camp, Missouri |
| Nationality |  United States |
| Education | Drury College, University of Missouri |
| Occupation(s) | Journalist and retired senior editor-at-large at Fortune |
| Years active | 1954-2014 |
Carol Junge Loomis (born June 25, 1929) is an American financial journalist, who retired in 2014 as senior editor-at-large at Fortune magazine. [1] [2]
Carol Junge Loomis attended Drury College, and graduated from the University of Missouri, with a Bachelor of Journalism degree in 1951. [3]
In 1966, she coined the term "hedge fund" [4] for a hitherto little known strategy that took off as a result. That year Carol Loomis wrote an article called "The Jones Nobody Keeps Up With." Published in Fortune, Loomis' article lionized Jones and his approach. The article's opening line summarizes the results at A.W. Jones & Co.: "There are reasons to believe that the best professional money manager of investors' money these days is a quiet-spoken seldom photographed man named Alfred Winslow Jones."[14] Coining the term 'hedge fund' to describe Jones' fund, it pointed out that his hedge fund had outperformed the best mutual fund over the previous five years by 44 percent, despite its management-incentive fee. On a 10-year basis, Mr. Jones's hedge fund had beaten the top performer Dreyfus Fund by 87 percent. This led to a flurry of interest in hedge funds and within the next three years at least 130 hedge funds were started, including George Soros's Quantum Fund and Michael Steinhardt's Steinhardt Partners.[15]
In 1976, she was appointed to the Advisory Committee on Federal Consolidated Financial Statements.[ citation needed ]
In 1980, Loomis was one of six panelists at the presidential debates of Ronald Reagan and John B. Anderson. [3]
She retired from Time/Fortune magazine in July 2014 after a tenure of over 60 years with the company. [5]
Carol was met with sexism at the Economic Club of New York, after they called Fortune to send someone to cover their black tie dinner in 1970. They refused Carol's attendance as they "didn't allow women"; their director said he did not want "any frivolous little Smith girls looking for a free dinner and the chance to spend an evening with 1,200 men in black tie." [6] She still went, and later sued them. It was a private club so she lost the case.
Carol was later invited to the Economic Club and she turned down the invitation.
Carol Loomis is a "longtime friend of Warren Buffett's, the pro bono editor of his annual letter to shareholders, and a shareholder in Berkshire Hathaway." [2] She married John Loomis, who was a partner in First Manhattan Co. They raised two children in Larchmont, New York. [5]
Alfred Winslow Jones was an American investor, hedge fund manager, and sociologist. He is credited with forming the first modern hedge fund and is widely regarded as the "father of the hedge fund industry."
James Bennett Stewart is an American lawyer, journalist, and author.
The Gerald Loeb Awards, also referred to as the Gerald Loeb Awards for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton & Co. Loeb's intention in creating the award was to encourage reporters to inform and protect private investors as well as the general public in the areas of business, finance and the economy.
Gretchen C. Morgenson is an American Pulitzer Prize-winning journalist notable as longtime writer of the Market Watch column for the Sunday "Money & Business" section of The New York Times. In November, 2017, she moved from the Times to The Wall Street Journal.
Allan Sloan is an American journalist, formerly a senior editor at large at Fortune magazine. He subsequently became a business columnist on contract for The Washington Post, and since the start of 2023 has been self-employed.
Ron Lieber is an American journalist for The New York Times, where he writes the "Your Money" column. He is the recipient of three Gerald Loeb awards for his writing in the column. He previously wrote the "Green Thumb" column for the Wall Street Journal.
Steven Pearlstein is an American columnist who wrote on business and the economy in a column published twice weekly in The Washington Post. His tenure at the WaPo ended on March 3, 2021. Pearlstein received the 2008 Pulitzer Prize for Commentary for "his insightful columns that explore the nation's complex economic ills with masterful clarity" at The Washington Post. In the fall of 2011, he became the Robinson Professor of Political and International Affairs at George Mason University.
Daniel Hertzberg is a former American journalist. Hertzberg is a 1968 graduate of the University of Chicago. He married Barbara Kantrowitz, on August 29, 1976. He was the former senior deputy managing editor and later deputy managing editor for international news at The Wall Street Journal. Starting in July 2009, Hertzberg served as senior editor-at-large and then as executive editor for finance at Bloomberg News in New York City before retiring in February 2014.
The Snowball: Warren Buffett and the Business of Life (ISBN 0553805096) is a biography of Warren Buffett by Alice Schroeder.
Cam Simpson is a London-based writer and journalist. He is currently the senior international correspondent for Bloomberg Businessweek in London, and Bloomberg News. Previously, he worked for The Wall Street Journal, with posts in the Middle East and Washington. and as a foreign correspondent for the Chicago Tribune where he was responsible for covering US foreign policy and investigative projects in Washington and overseas.
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Ted Weschler is an American hedge fund manager who is the current investment manager at Berkshire Hathaway. Alongside Todd Combs, he is frequently cited as a potential future Chief Investment Officer of Berkshire.
The Gerald Loeb Award is given annually for multiple categories of business reporting. The "Feature Writing" category was awarded in 2008–2010 for articles with an emphasis on craft and style, including profiles and explanatory articles in both print and online media. The "Feature" category replaced the "Magazine" and "Large Newspaper" categories beginning in 2015, and were awarded for pieces showing exemplary craft and style in any medium that explain or enlighten business topics.
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The Gerald Loeb Award is given annually for multiple categories of business reporting. The "Local" category was awarded for business, financial, or economic stories centered in a geographic area intended for consumers in that area from a local newspaper, magazine, television station, radio station, or website. "Local" replaced "Small & Medium Newspapers" in 2015.
The Gerald Loeb Award is given annually for multiple categories of business reporting. Lifetime Achievement awards are given annually "to honor a journalist whose career has exemplified the consistent and superior insight and professional skills necessary to contribute to the public's understanding of business, finance and economic issues." Recipients are given a hand-cut crystal Waterford globe "symbolic of the qualities honored by the Loeb Awards program: integrity, illumination, originality, clarity and coherence." The first Lifetime Achievement Award was given in 1992.
The Gerald Loeb Award is given annually for multiple categories of business reporting. The "Magazine" category is one of the two original categories awarded in 1958, with the last award given in 2014. The category included articles published the prior year in national and regional periodicals until 2008, when it was expanded to include magazine supplements to newspapers. Previously, newspaper magazine supplements were entered into an appropriate newspaper category. The "Magazine" and "Large Newspaper" categories were replaced by the "Feature" category in 2015.
The Minard Editor Award is given annually as part of the Gerald Loeb Awards to recognize business editors "whose work does not receive a byline or whose face does not appear on the air for the work covered." The award is named in honor of Lawrence Minard, the former editor of Forbes Global, who died in 2001. The first award was given posthumously to Minard in 2002. The jury panel decided not to give the 2022 award.
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